MIRA
INFORM REPORT
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Report Date : |
07.09.2007 |
IDENTIFICATION DETAILS
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Name : |
UTT Logistics |
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Registered Office : |
Kerkweg 47C, 3214 VC Zuidland |
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Country : |
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Financials (as on) : |
31.12.2004 |
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Date of Incorporation : |
23/06/1993 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wholesale business in components for oil, gas and chemicals industry;
rendering logistical and management services. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Average 10 days beyond terms |
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Litigation : |
Clear |
name & address
UTT Logistics
Kerkweg 47C
3214 VC ZUIDLAND
Tel.:+31
(0)181-457500
Fax.:+31
(0)181-626622
Legal status
BV Private Company Ltd. acc. nat. law
Founded
23/06/1993 as Ltd.
Trade register
24239400
Capital
nominal EUR 450.000,--
issued and paid up EUR 90.000,--
Management
-PLD International BV,
Kerkweg 47C, 3214 VC ZUIDLAND
Activity
Wholesale business in components for oil, gas and chemicals industry;
rendering logistical and management services.
Staff
No other employees
The business premises at the mentioned
address has been rented by the company, as far as we know.
See balance sheet
The last available balance sheet is
attached.
A more recent balance sheet is not
available.
Remarks
Subsidiary
company of
-PLD International BV,
Kerkweg 47C, 3214 VC ZUIDLAND
Ultimate parent company
-PLD Group BV,
Kerkweg 47C, 3214 VC ZUIDLAND.
The shareholders equity was as of:
31/12/2004 Euro 1.136.146
31/12/2003 Euro 144.454
31/12/2002 Euro 93.151
The working capital was
as of:
31/12/2004 Euro 1.136.146
31/12/2003 Euro 144.454
31/12/2002 Euro 93.151
Correspondence address:
Postbus 1
3214 ZG ZUIDLAND
In spite of the legal obligation did subject matter not yet file the 2005 accounts. No declaration of liability has been
filed for subject matter.
Phone number as suggested by you is also of subject matter.
Banks
Rabobank, Zuidland, 36.05.48.008
Mode of payment
On average 10 days beyond terms.
Credit demand
No objections against entering into a business relationship.
With regard to the above mentioned information, we recommend you to follow the course of business.
The following
financial data is retrieved from the corporate balance sheet of :
UTT Logistics
Kerkweg 47C, 3214
VC ZUIDLAND
Trade register 24239400
----------------------------------------------------------------------------
UTT
Logistics
Corporate
in Euro(x 1) Euro(x 1)
---31-12-2003--- ------31-12-2004---
Intangible
assets 0 0
Tangible
assets 0 0
Financial
assets 0 0
Miscellaneous
fixed assets 0 0
Total fixed assets 0 0
Stock 0 0
Receivables 1.073.046 3.947.123
Shares 0 0
Liquid
assets 145.708 999.904
Miscellaneous
current assets 0 0
Total current assets 1.218.754 4.947.027
Shareholders equity 144.454 1.136.146
Provisions 0 0
Long-term
liabilities 0 0
Current
liabilities 1.074.300 3.810.881
Minority
interests 0 0
Miscellaneous
liabilities 0 0
Total liabilities 1.218.754 4.947.027
----------------------------------------------------------------------------
UTT
Logistics
-----2003----- -----2004-----
EQUITY %
Equity
gearing 11,9 23
Equity/outside
capital 13,4 29,8
LIQUIDITY
Current
ratio 1,1 1,3
Acid
test 1,1 1,3
RATES
OF RETURN %
Total
assets 0 0
Shareholders equity 0 0
Pre
tax margin % 0 0
Turnover
rate 0 0
(x
1) (x 1)
-------------------- --------------------
Working
capital 144.454 1.136.146
Shareholders equity + Equalization acc. 144.454 1.136.146
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RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)